The Ekiti State Government has signed a 30-year Memorandum of Understanding MoU, with ENSHET Heights Global for the development of economic trees on a 100-hectare portion of the Ogbese Forest Reserve, marking another giant step towards sustainable forest development and boosting the state’s agro-economic value chain.
The agreement was signed on behalf of the Ekiti State Government by the Secretary to the State Government, Prof. (Mrs) Habibat Adubiaro, in the presence of the Executive Secretary, Forestry Commission, Mr. Sunday Adekunle while the
Chairman, Mr Oladapo Olasope, signed for Enshet Heights Global Ltd, as witnessed by Dr Tunmise Ayodele, MD/CEO Enshet Heights Global Ltd.
Under the agreement, the state government is granting ENSHET Global access to 1,500 hectares within the Ogbese Forest, out of which 100 hectares will be dedicated to the cultivation of high-value economic trees for commercial purposes.
The initiative, which is to be supervised at no cost by officials of the Ekiti State Forestry Commission, mandates ENSHET Global to cultivate only approved species and prohibits the planting of Indian hemp or any unlawful crop.
According to the terms, the investment will run from 1st August 2025 to 31st July 2055, subject to review every five years and renewable based on satisfactory performance.